Financing (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Debt, capital lease obligations, notes payable and the average related interest rates were as follows (in thousands):

	Average interest rate at December 31, 2016	Maturity	December 31, 2016			December 31, 2015
Revolving loan facility	1.66%	May 2021	$	172,142		$	225,707
Term loan facility	1.98%	May 2021	740,000			—
Senior notes—fixed rate	3.81%	May 2018	25,000			25,000
Senior notes—fixed rate	4.60%	May 2021	75,000			75,000
Senior notes—fixed rate	3.13%	December 2020	100,000			100,000
Capital lease obligations	5.06%	Various through 2029	19,306			21,874
Notes payable and other	3.40%	June 2027	13,618			15,698
Debt issuance costs			(3,156		)	(1,803		)
Total debt, capital lease obligations, and notes payable			$	1,141,910		$	461,476
Less: current maturities			3,847			5,059
Total long-term debt, capital lease obligations, and notes payable			$	1,138,063		$	456,417

Summary of Activity Under Credit Arrangements, Excluding Acquired Borrowings

The following summarizes activity under Polaris’ credit arrangements (dollars in thousands):

	2016			2015			2014
Total borrowings at December 31	$	1,112,142		$	425,707		$	200,000
Average outstanding borrowings during year	$	638,614		$	403,097		$	361,715
Maximum outstanding borrowings during year	$	1,234,337		$	523,097		$	500,000
Interest rate at December 31	2.25		%	2.33		%	3.77		%